November 2018 Beverly Hills Rent Report

Welcome to the November 2018 Beverly Hills Rent Report. Beverly Hills rents declined over the past month. In this report, we'll evaluate trends in the Beverly Hills rental market, including comparisons to cities throughout the metro, state, and nation.

November 2018 Beverly Hills Rent Report

Welcome to the November 2018 Beverly Hills Rent Report. Beverly Hills rents declined over the past month. In this report, we'll evaluate trends in the Beverly Hills rental market, including comparisons to cities throughout the metro, state, and nation.

Beverly Hills rents declined over the past month

Beverly Hills rents have declined 0.1% over the past month, and are down slightly by 0.5% in comparison to the same time last year. Currently, median rents in Beverly Hills stand at $3,130 for a one-bedroom apartment and $4,030 for a two-bedroom. Beverly Hills' year-over-year rent growth lags the state average of 1.3%, as well as the national average of 1.1%.

Rents rising across the Los Angeles Metro

While rent prices have decreased in Beverly Hills over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Los Angeles metro for which we have data. Here's a look at how rents compare across some of the largest cities in the metro.

Santa Clarita has seen the fastest rent growth in the metro, with a year-over-year increase of 4.1%. The median two-bedroom there costs $2,610, while one-bedrooms go for $2,030.

Over the past month, Huntington Beach has seen the biggest rent drop in the metro, with a decline of 1.4%. Median two-bedrooms there cost $2,370, while one-bedrooms go for $1,850.

Irvine has the most expensive rents of the largest cities in the Los Angeles metro, with a two-bedroom median of $2,710; rents were up 0.1% over the past month but remained flat year-over-year.

Lancaster has the least expensive rents in the Los Angeles metro, with a two-bedroom median of $1,750; rents decreased 0.2% over the past month but were up 2.3% over the past year.

Many large cities nationwide show more affordable rents compared to Beverly Hills

As rents have fallen moderately in Beverly Hills, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Beverly Hills is less affordable for renters.

Other cities across the state have seen rents moderately increase, with California as a whole logging rent growth of 1.3% over the past year. For example, rents have grown by 2.7% in San Jose, 1.2% in San Francisco, and 0.9% in San Diego.

Beverly Hills' median two-bedroom rent of $4,030 is above the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.5% decline in Beverly Hills.

Renters will generally find more expensive prices in Beverly Hills than most large cities. For example, Houston has a median 2BR rent of $1,030, where Beverly Hills is nearly four times that price.

For more information check out our
national report.
You can also access our full data for cities and counties across the U.S. at
this link.

City

Median 1BR price

Median 2BR price

M/M price change

Y/Y price change

Los Angeles

$1,370

$1,760

0.0%

1.3%

Long Beach

$1,380

$1,780

-0.2%

1.0%

Anaheim

$1,650

$2,120

-0.7%

2.2%

Santa Ana

$1,450

$1,860

-0.6%

0.4%

Irvine

$2,110

$2,710

0.1%

0.2%

Glendale

$1,400

$1,800

0.9%

2.0%

Huntington Beach

$1,850

$2,370

-1.4%

-0.8%

Santa Clarita

$2,030

$2,610

0.2%

4.1%

Garden Grove

$1,630

$2,100

-0.1%

-0.7%

Lancaster

$1,360

$1,750

-0.2%

2.3%

Palmdale

$1,580

$2,030

0.1%

3.8%

Pomona

$1,150

$1,470

-1.0%

0.9%

Torrance

$1,590

$2,050

-0.3%

0.9%

Pasadena

$1,630

$2,090

0.5%

1.0%

Fullerton

$1,560

$2,000

0.0%

2.1%

El Monte

$1,230

$1,570

2.7%

Downey

$1,400

$1,800

-0.5%

1.4%

Costa Mesa

$1,830

$2,350

0.5%

1.0%

Inglewood

$1,180

$1,520

-0.0%

1.3%

West Covina

$1,770

$2,280

0.5%

2.0%

Norwalk

$1,520

$1,960

-0.5%

0.2%

Burbank

$1,620

$2,080

1.2%

-0.0%

Mission Viejo

$2,110

$2,720

-0.3%

3.8%

Santa Monica

$1,660

$2,130

1.2%

0.2%

Westminster

$1,600

$2,060

-0.2%

0.7%

Whittier

$1,400

$1,800

0.7%

1.0%

Newport Beach

$2,810

$3,620

1.6%

0.8%

Hawthorne

$1,190

$1,530

-0.3%

1.2%

Buena Park

$1,610

$2,070

0.3%

1.1%

Lake Forest

$1,860

$2,400

1.0%

3.3%

Bellflower

$1,380

$1,770

-0.7%

0.3%

Tustin

$1,910

$2,460

0.6%

1.1%

Redondo Beach

$1,980

$2,540

0.3%

-0.0%

San Clemente

$2,300

$2,960

0.8%

1.5%

Laguna Niguel

$1,810

$2,320

0.3%

0.1%

Montebello

$1,410

$1,820

4.1%

La Habra

$1,540

$1,980

-0.8%

1.1%

Fountain Valley

$1,860

$2,390

-0.5%

2.1%

Paramount

$1,460

$1,870

0.6%

3.5%

Placentia

$1,810

$2,330

1.4%

4.8%

Glendora

$1,690

$2,180

-0.2%

0.6%

Rancho Santa Margarita

$1,930

$2,490

0.3%

-0.2%

Aliso Viejo

$1,610

$2,070

-1.0%

-20.3%

Cypress

$1,750

$2,250

0.4%

0.1%

Covina

$1,590

$2,050

-0.4%

0.8%

Rancho Palos Verdes

$3,480

$4,470

0.4%

3.4%

Brea

$1,770

$2,280

1.0%

2.8%

Claremont

$1,450

$1,860

-1.1%

2.4%

Beverly Hills

$3,130

$4,030

-0.1%

-0.5%

San Dimas

$1,840

$2,360

-0.3%

3.5%

Dana Point

$2,040

$2,630

0.9%

0.9%

Laguna Beach

$2,030

$2,610

1.0%

-0.7%

Hermosa Beach

$2,170

$2,790

0.2%

-0.9%

Marina del Rey

$3,620

$4,650

-0.3%

0.9%

See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.